PT Multi Bintang Indonesia Tbk (MLBI) Fair Value & Analysis
Consumer Defensive · ID · Market cap 13.3T IDR
Fair value as of: Jul 14, 2026
From 26 valuation models · updated 26 days ago
Share price +10.7% over the past month.
A strong business, screening 68% undervalued on our models.
What matters now
- The rarer combination: high quality (86/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (8,126 IDR). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.
How to read this chart
60‑month range 4,726 IDR – 8,344 IDR · fair‑value band 8,126 IDR – 14,562 IDR · the 7,000 IDR price screens below the 11,733 IDR fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 14, 2026.
Analysis
PT Multi Bintang Indonesia Tbk (MLBI) currently trades at 7,000 IDR, while our model-based Fair Value estimate is 11,733 IDR, implying the stock looks roughly 67.6% undervalued today. The Quality Score stands at 86/100 (high quality), in the Consumer Defensive sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, PT Multi Bintang Indonesia Tbk generated revenue of 3.6T IDR at a net margin of 33.5%. Revenue grew 13.2% year over year. It earns a return on equity of 78.6%. The balance sheet holds a net cash position of 876B IDR. Fundamentals as of Jul 14, 2026
Our scenario range runs from 8,126 IDR (bear case) to 14,562 IDR (bull case); at 7,000 IDR, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -8% fair-value upside, at 68%, MLBI screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: DCF Models (11,681 IDR) versus Asset-Based (431.61 IDR). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 83 · Market factors (momentum, volatility) 82
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
PT Multi Bintang Indonesia Tbk operates as a beverage company in Indonesia and internationally. The company is involved in the production and marketing of alcoholic beverages and other products, as well as management consulting activity.
Full company description
PT Multi Bintang Indonesia Tbk operates as a beverage company in Indonesia and internationally. The company is involved in the production and marketing of alcoholic beverages and other products, as well as management consulting activity. It offers beers under the Heineken; BINTANG Pilsener; BINTANG Arak Jeruk; BINTANG Anggur Merah; BINTANG Crystal; BINTANG Radler; and BINTANG 0.0% brand names. The company was founded in 1929 and is headquartered in Jakarta, Indonesia. PT Multi Bintang Indonesia Tbk operates as a subsidiary of Heineken International B.V.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
PT Multi Bintang Indonesia Tbk reported revenue of 3.5T IDR in FY2025 versus 2.5T IDR in FY2021, a compound +9.4%/yr. Reported net income was 1.2T IDR in FY2025, compounding +15.5%/yr from FY2021.
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Peer Group
Beverages - Brewers · 52 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Beverages - Brewers median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 45/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Beverages - Brewers stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Anheuser-Busch InBev SA 1ABI | €73.62 | €41.60 | -43% |
| Ambev S.A ABEV | 14,120 ARS | 6,060 ARS | -57% |
| Fomento Económico Mexicano, S.A. FEMSAUBD | 222.91 MXN | 201.74 MXN | -9% |
| Heineken N.V HEIA | €77.24 | €65.06 | -16% |
| Constellation Brands, Inc STZ | $135.72 | $177.43 | +31% |
| Carlsberg A/S CARLA | kr 1,125 | kr 607.30 | -46% |
| Heineken Holding HEIO | €71.20 | €72.67 | +2% |
| Tsingtao Brewery Company 600600 | ¥53.60 | ¥63.65 | +19% |
| Budweiser Brewing Company 1876 | HK$6.58 | HK$6.05 | -8% |
| Molson Coors Canada Inc TPXA | C$63.10 | C$74.42 | +18% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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